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On average, startup costs for a new import/export business will run you between $5,000 and $25,000. Lets break down all of the capital youll need to get started. The first thing youll need to consider is the initial costs it takes to start an import export business.
Starting an import/export business Get your business basics in order. Pick a product to import or export. Source your suppliers. Price your product. Find your customers. Get the logistics down.
How much is an import-export license in the USA? Import-export licenses in the US are generally free of cost. However, some agencies may require a nominal fee to issue or renew the permit.
It is important to note that obtaining an export license from the Commerce Department usually takes 30 days; a license from the State Department can take several months; and a license from the Treasury Department can take 3-6 months.
Apply online at .bis.doc.gov for your commodity classification using SNAP-R, found under the Licensing tab. View how to determine your ECCN on this website.
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